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Satik is from Masis town. She is a nurse and has been providing nursing services for already five years. Her office is in local clinic and she receives her clients there and provides high-quality medical help to them. By asking for this loan, Satik wants to improve her working conditions. With the help of the loan Satik plans to purchase equipment that she needs to provide a better service to her clients and also to renovate the office. The loan will greatly assist Satik to improve her working conditions and provide a better service to her clients.

Satik has been approved for a loan within the framework of a new joint initiative between Kiva and SEF International. The start-up loan program provides business start-up loans with soft conditions to informal businesses that do not have access to credit products.

The loan is very important for Satik and she hopes for lenders' support.

Additional Information

More information about this loan

This loan is part of SEF's startup pilot project to benefit borrowers working in Armenia's non-formal business sector. By providing working capital to artists, auto mechanics, bakers, furniture makers, construction workers and other informal entrepreneurs, SEF aims to help them formalize their businesses, increase their incomes, and build brighter futures.

About SEF International

SEF’s mission is to extend business development and financial services to emerging entrepreneurs in search of productive opportunities to support their families and communities and to build bright futures for children in Armenia.

About Armenia

  • $6,300
    Average annual income
  • 171
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 406.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Satik to pay for equipment needed to provide the nurse service and renovate the office.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 19, 2013
Jan 18, 2014
Currency Exchange Loss:
Jan 17, 2016